Raymond Realty Limited has informed the Exchange about Transcript
RAYMONDREL · price
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Raymond Realty reported Q2 FY26 total income of Rs. 706 crore, up 20% year-on-year, with EBITDA of Rs. 101 crore at a 14.3% margin. For H1 FY26, total income stood at Rs. 1,098 crore and collections at Rs. 783 crore, while EBITDA margin came in at 13%. The company reiterated its minimum 20% booking value growth guidance for FY26 and held to a blended EBITDA margin target of around 20% over time, explaining that current margins are weighed down by new project launches and product mix but will improve as projects mature and retail portfolio is added in H2. The company remains net debt-free with a Rs. 48 crore cash surplus and plans to use debt up to a 1:1 debt-to-equity ratio for funding growth. Total portfolio revenue potential is about Rs. 40,000 crore, with five to six project launches lined up in H2 FY26 (Bandra, Wadala, Sion, Mahim and two in Thane) carrying a combined GDV of around Rs. 5,000 crore.
Management reaffirmed full-year growth guidance of minimum 20% in booking value despite H1 being flat as planned, with a strong festive-season-heavy H2 expected to drive the numbers. The clear project pipeline, net-debt-free balance sheet, and commitment to 20%+ ROCE support investor confidence, though near-term margins may remain volatile due to launch bunching.